Playboy’s fiscal 1985 results will be qualified.
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Price Waterhouse, Playboy Enterprises’ independent accountant, has informed the firm that it will qualify its report on the company’s financial statement due to uncertainties surrounding the ultimate realization of a note and other receivables arising from the sale of the firm’s interest in the former Playboy hotel-casino in Atlantic City, N.J. On Aug. 2, Playboy reported net income of $6.7 million, or 71 cents per share, on revenue of $192.3 million for the fiscal year ended June 30.
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